Shell (SHEL) has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading, FPSO, facility. The previous export route for this field was via the Brent Charlie platform, which ceased production in 2021 and is being decommissioned. Peak production is estimated at around 45,000 barrels of oil equivalent per day and currently has an estimated discovered recoverable resource volume of approximately 100 million boe. Although primarily oil production, Penguins will also produce enough gas to heat around 700,000 UK homes per year. The new FPSO will have around 30% lower operational emissions compared with Brent Charlie and is expected to extend the life of this important field by up to 20 years.
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